Axis Max Life Insurance Chennai Development Manager Salaries by 5 Employees (Updated 2025)

2 - 12 years exp.

₹3 Lakhs - ₹5.1 Lakhs

Salary of majority employees

52% less than the average Development Manager Salary in Insurance Companies for 2 - 12 years of experience

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Last Updated: 12 Mar 2025

Companies similar to Axis Max Life Insurance for Development Manager in Chennai

Axis Max Life Insurance Development Manager Salary

2 - 12 years exp. (5 salaries)

₹3 L/yr - ₹5.1 L/yr

Company name	Avg Annual Salary	Open Jobs
SBI Life Insurance Company Development Manager Salary 0 - 11 years exp. (26 salaries)	₹1.8 L/yr - ₹4 L/yr 17% less	2 job openings
Standard Chartered Development Manager Salary 8 - 17 years exp. (70 salaries)	₹16.1 L/yr - ₹40 L/yr 636% more
Login to view exact salary
BNY Development Manager Salary 11 - 19 years exp. (18 salaries)	₹15 L/yr - ₹41 L/yr 588% more
NatWest Group Development Manager Salary 6 - 18 years exp. (17 salaries)	₹13 L/yr - ₹34.8 L/yr 557% more
Edelweiss Life Insurance Development Manager Salary 2 - 9 years exp. (11 salaries)	₹2.2 L/yr - ₹4 L/yr 17% less	5 job openings

Development Manager salary at Axis Max Life Insurance ranges between ₹3 Lakhs to ₹5.1 Lakhs per year for employees with experience between 2 years to 12 years. Salary estimates are based on 5 latest salaries received from various employees of Axis Max Life Insurance.

Experience wise Axis Max Life Insurance Development Manager salaries in Chennai

Last Updated: 12 Mar 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
3 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
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4 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr
5 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr
6 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.4 L/yr
7 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.4 L/yr
8 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr
9 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr
10 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
11 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
12 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.7 L/yr

View all

Similar Designation salaries in Axis Max Life Insurance

Deputy Manager Salary

(33 salaries)

₹3 L/yr - ₹6.05 L/yr

Area Manager Salary

(6 salaries)

₹4.2 L/yr - ₹10.8 L/yr

Financial Service Consultant Salary

(4 salaries)

₹2.9 L/yr - ₹3.93 L/yr

Center Manager Salary

(3 salaries)

₹7.45 L/yr - ₹9 L/yr

Training Manager Salary

(3 salaries)

₹6 L/yr - ₹7.7 L/yr

Top skills at Axis Max Life Insurance for Development Manager

Finance bfsi IRDA Financial Services Monitoring

Salary related reviews for Axis Max Life Insurance

Agency Development Manager in Kollam

Full Time

Sales & Business Development Department

1.0

• posted on 06 Feb 2025

2.0

for Salary and Benefits

Likes

Second Saturday and Sunday, third Saturday and Sundays are off. No other perks.

Dislikes

... from you. More than 5 persons already left the office with their toxic culture. Don't trust their words during interview they will give a package which is lesser than your current ctc and will give excuses as you will earn promotions in a fast track mode. nothing doing you will not meet their unrealistic targets. Hope my review will help future comers. thank you.

Salary - Poor

+6 more

Assistant Manager in New Delhi

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 03 Feb 2025

2.0

for Salary and Benefits

Likes

The thing is like about max life insurance is salary credit is on time and 2nd and 3rd Saturday is also weekoff.

Dislikes

...they expect high level quality work from employees. Worst management and system. Field work also involved in the low salary. 2 field visit per day.

Salary - Poor

+5 more

Data Scientist in Gurgaon / Gurugram

Full Time

Data Science & Analytics Department

3.0

• posted on 01 Aug 2024

3.0

for Salary and Benefits

Likes

Office Space Multiple business problems to solve.

Dislikes

Salary Too much office politics. Sometimes good work is limited to some folks. Career growth opportunities are limited to only some section of the teams

Company culture - Poor

+1 more

Relationship Associate in Raipur

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 29 Jul 2024

1.0

for Salary and Benefits

Likes

Job security

Dislikes

Appraisal depends upon reporting manager, new candidates came with higher package but old employees voice can not get into company ear because of team leaders. Competition are very good in this situation.

Salary - Bad

+5 more

Associate Sales Manager in Mumbai

Full Time

Sales & Business Development Department

1.0

• posted on 01 Oct 2024

2.0

for Salary and Benefits

Likes

Salary on time

Dislikes

Worst management and HR. Management torture Lower level staff for business. Even HR also support manager and they take concall for business. Worst working conditions in Max life Cooperative banca channel I have seen in my life time.

Salary - Poor

+6 more

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Axis Max Life Insurance Development Manager Salary FAQs

What is the salary of Development Manager at Axis Max Life Insurance in Chennai?

The average salary of a Development Manager at Axis Max Life Insurance in Chennai typically ranges from ₹3.0 Lakhs to ₹5.1 Lakhs per year, depending on experience (from 2 years to 12 years).

The top 10% of Development Manager in Chennai at Axis Max Life Insurance earn more than ₹5.1 Lakhs per year, and the top 1% earn over ₹5.1 Lakhs per year. Development Manager Salaries at Axis Max Life Insurance can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 5 Axis Max Life Insurance employees in India.

What is the estimated take home salary of a Development Manager at Axis Max Life Insurance in Chennai?

The estimated take-home salary of a Development Manager at Axis Max Life Insurance in Chennai typically ranges from ₹27,979 to ₹29,373 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹5.1 Lakhs per year for employees with experience ranging from 2 years to 12 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 5 salaries received from various employees of Axis Max Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Development Manager at Axis Max Life Insurance in Chennai?

To be a Development Manager at Axis Max Life Insurance in Chennai, the key skills required include:

- Finance
- bfsi
- IRDA
- Financial Services
- Monitoring

These skills are highly valued at Axis Max Life Insurance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Axis Max Life Insurance for Development Manager in India?

Standard Chartered	₹16.1 Lakhs to ₹40.0 Lakhs per year
BNY	₹15.0 Lakhs to ₹41.0 Lakhs per year
NatWest Group	₹13.0 Lakhs to ₹34.8 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Axis Max Life Insurance, depending on the role and experience level.

What is the salary of a Development Manager in companies similar to Axis Max Life Insurance in Chennai?

The salary of a Development Manager at companies similar to Axis Max Life Insurance in Chennai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Edelweiss Life Insurance	₹2.2 Lakhs to ₹4.0 Lakhs per year
SBI Life Insurance Company	₹1.8 Lakhs to ₹4.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Development Manager at Axis Max Life Insurance in Chennai?

The salary growth for a Development Manager at Axis Max Life Insurance in Chennai depends on factors such as experience, performance, and promotions. On average, a Development Manager in Chennai can expect the following growth trajectory at Axis Max Life Insurance:

Experience	Average Salary Range
2 years	₹3.3 Lakhs to ₹4.2 Lakhs per year
3 years	₹3.3 Lakhs to ₹4.2 Lakhs per year
4 years	₹3.4 Lakhs to ₹4.3 Lakhs per year
5 years	₹3.4 Lakhs to ₹4.3 Lakhs per year

and so on.

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Axis Max Life Insurance Development Manager Salaries in Chennai

Axis Max Life Insurance Development Manager salary in Chennai ranges between ₹3 Lakhs to ₹5.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Axis Max Life Insurance latest salaries received from various employees of Axis Max Life Insurance.